Commentary and Analysis on Businesses and Commercial Real Estate In and Around Downtown St. Louis.

Friday, October 17, 2008

Patricia Stevens College Moves to Washington Avenue

Patricia Stevens College is moving from its 13,000 sf space in the Mansion House complex at 330 N. 4th Street to the four-story, 20,000 sf building it purchased at 1521 Washington Avenue. The school has plans to boost enrollment to 300 students from its current 190.

The college paid $835,000 for the building and plans to renovate it, giving the project an overall value of $2 million.

“We are very dedicated to downtown, and we have always been here," said the college's president, Cynthia Musterman. "We have full faith that downtown will continue to thrive, and we want to be a part of it.”

2 comments:

As much as I like seeing bigger buildings Downtown retain or nab new tenants, developments like these are even better. Mega projects are great, but lots of smaller developments like these have a bigger impact overall. Once Patricia Stevens dumps a bunch of money into this building they will probably never leave. Encouraging businesses to owner occupy should be a bigger priority. Great news.